The adoption of Michael Saylor's balance sheet strategy by many public companies has significantly increased stock prices, providing substantial gains for their investors.
NYDIG applied the 'money multiplier' method to understand the impact of new capital on Bitcoin's (BTC) market value and divided the supply of Bitcoin by this figure. As a result, an increase of approximately $42,000 per Bitcoin is estimated. To make this estimate, NYDIG examined the market values of companies such as Strategy (MSTR), Metaplanet, Twenty One (CEP), and Semler Scientific (SMLR), which have adopted a Bitcoin purchasing strategy. The capacity of these companies to issue shares to acquire more Bitcoin than their current stock prices was taken into account.
If this analysis proves correct, the price of Bitcoin is expected to rise by 44% from its current level of $96,000. Given the current market uncertainty and volatility, money managers on Wall Street may not hesitate to share this profit-loss statement with their investors. NYDIG Research pointed out that this 'lead capacity' could have a significant upward impact on the price of Bitcoin.
The limited supply of Bitcoin also reinforces the accuracy of this analysis. Public companies currently hold 3.63% of the total Bitcoin supply, and a significant portion of these coins is held by Strategy. With the Bitcoin reserves of private companies and governments, this ratio rises to 7.48%.
These developments indicate that demand may further increase in the future. Additionally, if the U.S. government begins to acquire Bitcoin through 'budget-neutral' methods for its strategic Bitcoin reserve, demand could rise even more.
